Sungwoo Techron (Korea) Market Value
| 045300 Stock | KRW 2,565 50.00 1.91% |
| Symbol | Sungwoo |
Sungwoo Techron 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sungwoo Techron's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sungwoo Techron.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Sungwoo Techron on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sungwoo Techron CoLtd or generate 0.0% return on investment in Sungwoo Techron over 60 days. Sungwoo Techron is related to or competes with Cube Entertainment, Dreamus, LG Energy, Dongwon System, Lotte Non-Life, Namhwa Industrial, and Hyundai Heavy. Sungwoo Techron Co. Ltd. manufactures and sells semiconductor parts and equipment. More
Sungwoo Techron Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sungwoo Techron's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sungwoo Techron CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.42 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.95 |
Sungwoo Techron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sungwoo Techron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sungwoo Techron's standard deviation. In reality, there are many statistical measures that can use Sungwoo Techron historical prices to predict the future Sungwoo Techron's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.5035 |
Sungwoo Techron CoLtd Backtested Returns
Sungwoo Techron CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0455, which indicates the firm had a -0.0455% return per unit of risk over the last 3 months. Sungwoo Techron CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sungwoo Techron's Variance of 3.3, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,673) to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sungwoo Techron are expected to decrease at a much lower rate. During the bear market, Sungwoo Techron is likely to outperform the market. At this point, Sungwoo Techron CoLtd has a negative expected return of -0.0839%. Please make sure to validate Sungwoo Techron's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Sungwoo Techron CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Sungwoo Techron CoLtd has excellent reverse predictability. Overlapping area represents the amount of predictability between Sungwoo Techron time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sungwoo Techron CoLtd price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Sungwoo Techron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 6095.45 |
Sungwoo Techron CoLtd lagged returns against current returns
Autocorrelation, which is Sungwoo Techron stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sungwoo Techron's stock expected returns. We can calculate the autocorrelation of Sungwoo Techron returns to help us make a trade decision. For example, suppose you find that Sungwoo Techron has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sungwoo Techron regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sungwoo Techron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sungwoo Techron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sungwoo Techron stock over time.
Current vs Lagged Prices |
| Timeline |
Sungwoo Techron Lagged Returns
When evaluating Sungwoo Techron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sungwoo Techron stock have on its future price. Sungwoo Techron autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sungwoo Techron autocorrelation shows the relationship between Sungwoo Techron stock current value and its past values and can show if there is a momentum factor associated with investing in Sungwoo Techron CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Sungwoo Techron
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sungwoo Techron position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sungwoo Techron will appreciate offsetting losses from the drop in the long position's value.Moving together with Sungwoo Stock
| 0.83 | 005930 | Samsung Electronics | PairCorr |
| 0.74 | 005935 | Samsung Electronics | PairCorr |
| 0.87 | 034730 | SK Holdings | PairCorr |
| 0.85 | 005490 | POSCO Holdings | PairCorr |
Moving against Sungwoo Stock
| 0.83 | 122870 | YG Entertainment | PairCorr |
| 0.74 | 032640 | LG Uplus | PairCorr |
| 0.66 | 012330 | Hyundai Mobis | PairCorr |
| 0.54 | 078160 | MEDIPOST | PairCorr |
| 0.43 | 065660 | AnterogenCoLtd | PairCorr |
The ability to find closely correlated positions to Sungwoo Techron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sungwoo Techron when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sungwoo Techron - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sungwoo Techron CoLtd to buy it.
The correlation of Sungwoo Techron is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sungwoo Techron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sungwoo Techron CoLtd moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sungwoo Techron can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Sungwoo Stock
Sungwoo Techron financial ratios help investors to determine whether Sungwoo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sungwoo with respect to the benefits of owning Sungwoo Techron security.